Crypto Miners Are Losing Money As Bitcoin Continues To Tumble

From Tyler Durden : Another day, another leg lower in cryptocurrencies as FUD spreads, this time on the back of headlines exposing market manipulationduring last year's meltup and collapsing margins for miners as prices tumble below breakevens.
It's been one hell of a week for cryptos...
After the Coinrail hack prompted scaredy-cat South Koreans to dump their crypto, Bitcoin and Ethereum both broke critical technical support levels (BTC $7,000 and 2018 lows; ETH 50DMA & $600 figure).
Bitcoin lowest close since Nov 2017...
Ethereum broke $600, $500, and its 100DMA...
Things were ‘calm' on...Read more ...